We investigate determinants of foreign ownership in newly privatized firms. We analyze data on privatized Czech firms to address two related general questions. First, what characteristics distinguish transition firms that attract a foreign investor? Second, how do firm-specific characteristics...

Cover -- EDITORIAL ADVISORY BOARD -- Editorial -- Technological innovation among internationality active SMEs in the Czech economy -- Inducing the internationalisation of family manufacturing firms from a transition context -- International acquisitions by Polish MNEs. Value creation or...

This paper explains the location choices of multinational companies (MNCs) in a transition economy by traditional economic factors and institutional quality. Based on a thorough theoretical framework and a set of hypotheses, empirical data of an enterprise survey of 153 foreign firms in three...